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    Archived pages: 1113 . Archive date: 2014-09.

  • Title: www.hbor.hr
    Descriptive info: Ispiši ovu stranicu.. CONTRIBUTION TO THE LOAN FOR ENERGY EFFICIENCY PROJECTS.. (European Commission Programmes - EEFF 2006 and EEFF 2007).. The utilisation of the European Commission Contribution funds under the Energy Efficiency Finance Facility 2006 (the total Contribution amount of EUR 1,800,000.. 00) and 2007 (the total Contribution amount of EUR 2,100,000.. 00) has been developed and implemented in co-operation with the European Investment Bank (EIB).. The Contribution funds can be utilised with the disbursement of loan funds out of EIB’s sources, directly through HBOR or via commercial banks with which HBOR has established business co-operation.. 1.. Final Borrowers.. Companies, crafts businesses and other legal entities.. Units of local or regional government and companies owned by them.. Legal entities owned by the central government.. 2.. Purpose of the Loans.. Loans are intended for the financing of fixed assets within the framework of investments contributing to energy savings and/or reduction in CO2 emissions, or investments improving the energy efficiency of the facilities in the building sector and industry.. Within the framework of the European Commission programme EEFF 2007, beside the financing of energy efficiency, it is possible to finance fixed assets for investments in renewable energy resources projects.. 3.. Eligible Investments.. Eligible investments are those investments which will, upon the investment completion, contribute to the improvement of energy efficiency of the existing facilities in the following manner:.. Building sector - projects that achieve at least 30% of energy saving (change of façades, windows and doors, improvement of illumination systems, heating and cooling, boiler rooms, installation of solar systems for heating of water etc.. ).. Industry sector - projects that achieve at least 20% of energy saving and/or reduction in CO2 emission (automatisation and optimisation of production systems, change of machinery and equipment, improvement of illumination, heating, cooling, ventilation systems etc.. Eligible investments are also individual  ...   projects.. up to 5,000,000.. 00 EUR.. * Note: for public sector projects, the total amount of loan allocated out of the EIB loan funds may not exceed 50% of the estimated value of the project, VAT not included.. 6.. Other Loan Terms and Conditions.. Please, note that all loan terms and conditions not given in this leaflet (interest rates, fees, maturity etc.. ), are determined by an individual HBOR loan programme under which an individual loan is approved, as well as by the EIB terms and conditions (.. http://www.. hbor.. hr/Art1287.. ).. Within the framework of available funds provided by EIB and the European Commission Contribution HBOR may consider investments relating to energy efficiency and renewable energy resources projects only, but also the investments in which energy efficiency is only a part of the entire investment.. For the part of investment which may be financed out of HBOR loan funds that does not relate to energy efficiency or renewable energy resources, a right to the Contribution cannot be exercised.. 7.. Utilisation of the Contribution Funds under the European Commission Programme.. The Contribution intended for final borrowers is.. 15% of the approved loan amount.. out of the EIB funds and is used for reducing the principal amount.. The Contribution funds are available after the fulfilment of energy saving and/or reduction of CO2 emissions from item 3.. above, or a successfully completed investment and obtaining of necessary licences, in case of investments in renewable energy resources, respectively.. Beside the mentioned possibility of the loan principal reduction, within the framework of the Contribution,.. consultants’ assistance.. is provided.. Their task would be to evaluate and confirm the achieved levels of energy saving and/or reductions of CO2, emissions, or confirm the successfulness of investment in renewable energy resources, respectively.. 8.. Procedure of Loan and Contribution Funds Approval.. Posljednja izmjena:.. 24..

    Original link path: /darovnica-uz-kredit01?dm=2
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  • Title: www.hbor.hr
    Descriptive info: Print this page.. SHORT-TERM INSURANCE AND REINSURANCE OF FOREIGN RECEIVABLES.. HBOR provides insurance of short-term receivables against non-market risks (buyers coming from non-EU member states or non-OECD countries).. For the insurance of marketable risks, HBOR has, together with OeKB, established the Croatian Credit Insurance J.. S.. C.. , a company specialised in insuring receivables among business operators that arise from the sale of goods and services.. For more information, please click here….. If you are an exporter of consumer goods and if you have, with your foreign partner, agreed the payment terms of up to 180 days, your payment collection insurance policy can protect you from commercial and political risks.. By managing risks in this way, you contribute to the safety of your business in  ...   the foreign buyer is the risk of illiquidity that may sometimes cause delays in the settlement of obligations towards the exporter, or even bankruptcy, which can seriously jeopardise the collection of payment.. Benefits of an export credit insurance policy for the exporter:.. Protection of operations.. Possibility of selling on deferred payment terms.. Strengthened competitiveness and consequently increased sales.. Easier access to new markets (reduced risk).. Transfer of a portion of default risk to the insurer.. Easier access to the sources of finance.. Since the buyer's inability to settle its obligations is difficult to predict in advance, HBOR’s insurance policy providing cover for the collection of export receivables is one of the very effective ways of preventing or reducing the occurrence of a loss.. Last modified:.. 9/25/2013..

    Original link path: /art873?dm=2
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  • Title: www.hbor.hr
    Descriptive info: MEDIUM – AND LONG – TERM EXPORT CREDIT INSURANCE.. The products of medium – and long – term export credit insurance are intended for promoting export of goods and services of high values, i.. e.. capital goods with repayment terms over one year.. Supplier Credit Insurance.. Buyer/Buyer’s Bank Credit Insurance.. 11/8/2010..

    Original link path: /Art1494?dm=2
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  • Title: www.hbor.hr
    Descriptive info: SUPPLIER CREDIT INSURANCE.. The insurance of supplier credit enables the exporter to insure the payment for delivered goods and services against political and commercial risks arising form the concluded commercial contract.. An additional benefit of the insurance policy is assignment of rights to the commercial bank that finances an export transaction for the purpose of securing the loan, i.. contracting more favourable terms and conditions of financing.. The usual cover ranges between 80% and 90% of  ...   an insurance contract with HBOR and pays the premium.. The exporter delivers the goods or renders services to the buyer.. The exporter’s bank extends a loan and uses insurance policy as collateral (endorsement of the insurance policy in favour of the commercial bank).. The foreign buyer pays for the goods, and obligations under the loan contract are settled.. In the event that the foreign buyer fails to pay for the goods, HBOR indemnifies the exporter.. 9/24/2013..

    Original link path: /art874?dm=2
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  • Title: www.hbor.hr
    Descriptive info: BUYER/BUYER’S BANK CREDIT INSURANCE.. The Insurance of Buyer/Buyer’s Bank Credit enables the commercial bank to insure the collection of receivables against commercial and political risks arising from the loan contract concluded with the foreign buyer/foreign bank.. Loan is extended for the purpose of financing of export of goods and services in the manner that disbursement out of the loan funds is made directly  ...   or its bank abroad.. The usual cover ranges between 80% and 95% of the loan amount, depending primarly on the buyer’s country exposure.. Conclusion of the insurance contract and payment of premium.. Advance payment based on the export contract.. Delivery of goods or rendering of services.. Disbursement of loan proceeds.. Loan repayment.. Payment of indemnity if the buyer/buyer’s bank fails to meet its obligations..

    Original link path: /art875?dm=2
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  • Title: www.hbor.hr
    Descriptive info: INSURANCE OF BANK GUARANTEES ISSUED FOR THE PURPOSE OF WINNING OR PERFORMING EXPORT CONTRACTS.. Exporters are often confronted with the need for first-class bank guarantees issued in favour of their foreign buyers as a condition for entering into export contracts or insuring performance of their contractual obligations.. Consequently, they are exposed to the risk of a guarantee being called irrespective of the performance of their contractual obligations.. In addition, they are exposed to various political risks that may prevent them from performing a contract and lead to the collection of payments under a guarantee.. The Programme for the Insurance of Bank Guarantees Issued for the Purpose of Winning or Performing Export  ...   due fulfilment of obligations on the part of an exporter or owing to a fair calling due to exporter’s non-fulfilment of export contract or tender obligations being the exclusive responsibility of the exporter.. Insurance scheme.. Exporter enters into export contract with buyer.. Bank issues guarantee in favour of buyer on instructions made by exporter.. Bank and exporter enter into insurance contract with HBOR.. Buyer collects payment under guarantee.. HBOR pays indemnity to bank after 60 days of the waiting period.. HBOR is entitled to recourse against exporter in case of risk of fair calling.. HBOR is entitled to recourse against buyer or third parties in case of risk of unfair calling.. 10/18/2013..

    Original link path: /insurance-of-bank-guarantees-issued-for-the-purpos?dm=2
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  • Title: www.hbor.hr
    Descriptive info: PRE-EXPORT FINANCING INSURANCE.. The target group of this programme consists of exporters lacking working capital for the preparation of exports if they cannot offer usual collateral to lenders or if the collateral they offer is not sufficient with regard to loan terms and conditions.. Within the framework of pre-export finance insurance, a bank may request insurance of principal and regular interest of up to 80%.. This product is intended primarily  ...   enter into an insurance contract.. The bank grants a pre-export finance facility to the exporter.. The exporter exports the manufactured goods to the foreign buyer.. The foreign buyer pays to the exporter, the exporter uses these inflows to repay the loan.. If the exporter fails to repay the loan owing to the default on the part of the buyer or due to its insolvency, HBOR shall pay indemnity to the bank..

    Original link path: /art1040?dm=2
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  • Title: www.hbor.hr
    Descriptive info: BANK EXPORT GUARANTEES.. Programme for Issuing Bank Guarantees at the Request of Exporters.. Beneficiaries of Bank Guarantees.. Legal entities abroad inviting international tenders and/or intending to enter (or having already entered) into a contract on the purchase of Croatian goods, works or services.. If a bank guarantee (hereinafter: bank guarantee) is issued in co-operation with an exporter’s commercial bank, the commercial bank can be a beneficiary of the guarantee.. Purpose.. Promotion of export of goods, works or services of Croatian origin by enabling the exporter, through the issue of a bank guarantee, independently or in co-operation with the exporter’s commercial bank, to participate in international tenders and enter into contracts.. Manner of issuing guarantees.. HBOR issues guarantees independently at the request of an exporter,.. HBOR shares a certain per cent of the risk associated with the issue of a guarantee with a commercial bank; the bank issues a guarantee, and HBOR issues a counter guarantee to the bank,.. HBOR and a commercial bank issue separate guarantees,.. HBOR, as the main issuer of the guarantee, shares the risk with another commercial bank that issues a counter guarantee to HBOR.. Applicants.. Eligible applicants are legal entities with headquarters in the Republic of Croatia intending to participate in international tenders in accordance with the terms and conditions determined by the bank guarantee beneficiary, or intending to enter (or having already entered) into a contract on export of goods, works or services.. Types of Bank Guarantees.. Tender Guarantee.. HBOR supports exporters by issuing tender guarantees for the participation in international tenders (Tender Guarantee or Bid Bond/Guarantee).. The guarantees are usually for the amount of up to 10% of the bid value and guarantee the seriousness of the exporter's bid.. Performance Guarantee.. HBOR supports the export of equipment, machinery, special products and/or services, or the  ...   of up to 10% of the export contract value.. Currency.. A bank guarantee is issued pursuant to an export contract.. Terms and Conditions for Issue of Guarantees.. Exporter has been operating for at least one year.. Exporter submitting an application for the issue of a bank guarantee has not been continuously blocked for more than 30 days in the past 6 months of operations, bankruptcy proceedings neither have been nor are threatened to be initiated against the exporter, and no proceedings have been either initiated or threatened against the exporter (court, execution, criminal, liquidation etc.. Fees.. The fee for the processing of application for the approval of issue of bank guarantee and the fee for the issue of bank guarantee depend on the risk category of exporter:.. Risk category of exporter.. Application processing fee.. Bank guarantee issuance fee.. 0.. 20%.. 25%.. 30%.. 35%.. 40%.. Fee for the processing of application.. for the approval of issue of bank guarantee One-off on the committed amount of issued bank guarantee, at least HRK 500.. 00; calculated and charged before the issue of bank guarantee.. Fee for the issue of bank guarantee.. is calculated and charged quarterly in advance; at least HRK 500.. 00.. When a guarantee is issued in co-operation with the exporter's commercial bank, HBOR and the bank agree the level of the fee for every transaction.. Security.. HBOR accepts:.. bills of exchange and debentures.. pledge of property or transfer of fiduciary title to property supported by property insurance policy endorsed in favour of HBOR.. other security customary in the banking business.. More detailed information ralating to this programme can be obtained at:.. HBOR, Strossmayerov trg 9, 10000 Zagreb.. Phone: +385 1 / 45 91 524, +385 1 / 45 91 781, +385 1 / 45 91 683.. E-mail:.. izvoz@hbor.. hr.. 4/1/2014..

    Original link path: /art793?dm=2
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  • Title: www.hbor.hr
    Descriptive info: Search.. Home.. About HBOR.. Contact.. Lending.. Export Promotion.. Tourism.. Agriculture.. Economy.. SMEs.. Environmental Protection.. Infrastructure.. Innovations.. Financial Restructuring.. Working Capital.. EU Funds.. Contribution.. Export Credit Insurance.. Programmes.. International Regulations.. Classification of Countries.. Short-term credit insurance.. Croatian Credit Insurance J.. Trade Finance.. Guarantees.. Documentary Letters of Credit.. Economic Co-operation Funds (ECFs).. Contacts.. English.. New Loan Programme “Financing New Production” provides additional incentive to Croatian economy.. The increase in financing new investments makes a quality basis for next year’s plans.. Zagreb, 12 December 2012 – today, Anton Kovačev, President of the Croatian Bank for Reconstruction and Development presented a new loan programme "Financing New Production" and HBOR’s results for the eleven months of the year 2012.. The new programme, unlike other investment loan programmes, allows for over 30 percent of working capital financing for a period of 14 years, including a three-year grace period.. Thus, these are by far the best loan terms.. Loan proceeds may be utilised for purchasing new equipment or machinery, land and buildings, or for payment of any certificate costs.. The amount utilised for working capital may be higher in case the entrepreneur contracts merchandise credit with the client.. The annual interest rate amounts to 2 and 3 percent until 30th June 2013, and after that 2 and 4 percent, depending on the type of investment.. Loans are granted in HRK or in HRK indexed to a foreign currency.. Lending is conducted via commercial banks or directly, in both cases under the same conditions for borrowers.. On this occasion, Anton Kovačev said: „Domestic production is a precondition for maintaining the existing jobs and creating new ones, for increasing exports and decreasing Croatia’s dependence on imports.. We believe that entrepreneurs will recognise the  ...   same period previous year.. This year, HBOR approved more than HRK 5 billion in loans to exporters, insured the volume of HRK 2.. 1 billion of export transactions and issued bank guarantees worth more than HRK 200 million.. HBOR approved more than HRK 7.. 3 billion in support of Croatian exports.. Taking into account the fact that, according to interim data, Croatian exports reached HRK 60 billion in the period January – October 2012, it can be concluded that HBOR covered 12 percent of the entire Croatian exports.. It is important to point out that, for the first time after the start of the financial crisis, the structure of approved loans changed in favour of the financing of new investment, which has been one of the major goals of HBOR for this year.. As it has already been announced, this year’s contribution from the state budget into HBOR’s founder’s capital was significantly increased and was tripled compared to 2011.. The 2013 state budget provides for a payment of HRK 600 million into the founder’s capital of HBOR, the same as this year.. Based on the contribution from the state budget, the planned borrowing of almost one billion three million euros and the continued lending at lower interest rates in the first half of 2013, HBOR plans to reach the lending volume achieved this year, which will exceed HRK 9 billion by the end of the year.. Print.. Temporary Reduction in Interest Rates Charged by HBOR on New Investment Projects in the Period from 1 July 2014 to 31 December 2014.. Contact Us.. FAQ.. Glossary.. HBOR News.. Document library.. Financial statements.. Human Resources.. Back to top.. Croatian Bank for Reconstruction and Development.. All Rights Reserved..

    Original link path: /new-loan-programme-financing-new-production-provid
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  • Title: www.hbor.hr - HRVATSKI
    Descriptive info: World Bank Continues to Support Competitiveness of Croatia’s Economy.. ZAGREB, October 29, 2012 - Anton Kovačev, President of the Managing Board of the Croatian Bank for Reconstruction and Development and Hongjoo Hahm, World Bank Country Manager, signed today an additional financing loan for the Croatia Export Finance Intermediation Project (CEFIL) in the amount of EURO 50 million (USD$61.. 41 million equivalent).. The Croatian Minister of Finance, H.. E.. Slavko Linić also signed a Guarantee Agreement with the Bank for the loan.. The loan was provided to the Croatian Bank for Reconstruction and Development to continue supporting the private sector’s access to finance in an environment of constrained funding due to the impact of the eurozone crisis, and to further boost competitiveness, particularly among exporters, as Croatia prepares to join the European Union.. The additional finance will help scale up the ongoing CEFIL Project (original amount of EURO 100 million) which has already achieved impressive results.. So far, 58 exporting companies benefited from access to medium- and long-term finance.. The funding helped them strengthen their financial position and helped companies ride out the 2010 crisis.. Exports of the supported companies, which account for five percent of total exports, grew by more than 30 percent.. While the crisis has left many people jobless, access to the project’s funds enabled most of the companies to preserve their current workforce and even create new jobs.. The Croatian Bank of Reconstruction and Development will continue to make the project funds available to commercial banks, which, in turn, will on-lend to eligible private sector exporters, at market rates..  ...   This loan will further benefit Croatian companies in providing them easier access to much needed financing.. Our role is to continue to support the Croatian Bank for Reconstruction and Development in its increased efforts to assist the private sector.. Our goal through this loan is for the eligible private sector exporters to significantly contribute to the growth of exports, which should result in greater job creation and overall economic growth in Croatia.. H.. Slavko Linić, Minister of Finance of the Republic of Croatia.. The global economic recession followed by the eurozone crisis has affected all economies in the region, including Croatia.. Constrained liquidity in global financial markets has tightened access to medium- and long-term financing for many private enterprises – which are the main engines of growth and job creation.. Hongjoo Hahm, World Bank Country Manager for Croatia.. “Through this additional financing loan, we will continue helping the Government of Croatia by offering long-term financing to exporters so they can continue to invest in their businesses and create jobs.. ”.. Since joining the World Bank in 1993, Croatia received support from the global development institution in the form of financial and technical assistance, policy advice, and analytical services.. To date, the Bank has supported 47 projects in the amount of US$3.. 3 billion, and it has approved 52 grants with a total value of US$70 million.. Contact:.. Ministry of Finance.. Contact:.. Sanja Bach.. Phone: 01/ 4591 198.. sanja.. bach@mfin.. www.. mfin.. Koraljka Perutka Fabijanić.. Phone:.. 01/4591 791.. E-mail:.. kperutka@hbor.. The World Bank.. Vanja Frajtić.. Phone: 01/ 2357 230.. vfrajtic@worldbank.. org.. worldbank.. Ispis..

    Original link path: /world-bank-continues-to-support-competitiveness
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  • Title: www.hbor.hr
    Descriptive info: HBOR takes over shares from PRISMA.. ZAGREB, 5 October 2012 - Hrvatsko kreditno osiguranje d.. (HKO) is the first credit insurance company in [the Republic of] Croatia.. Credit insurance offers protection against bad losses of trade receivables due to insolvencies of customers.. It combines risk transfer with services of credit assessment and monitoring in the field of risk and credit management.. HKO was founded in 2008 and is a subsidiary of Hrvatska banka za obnovu i razvitak (HBOR) - 51% of shares - and Prisma Kreditversicherungs-AG (PRISMA) - 49% -.. The partners look back on a good working relationship: They successfully established the number one credit insurer in  ...   Board of Management of PRISMA: "We are proud that we could help starting this promising company with our know how.. From our business partners we separate as good colleagues and we are looking forward to cooperate in individual business cases.. We wish HKO and HBOR success and good luck for the future.. ".. Mr.. Branimir Berković – “It was our pleasure to co-operate with the colleagues from PRISMA and we are very pleased to have developed a very good and successful co-operation.. We have jointly set up good foundations for a new company, based on which HKO will now continue to successfully expand its business on its own.. ”..

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    Archived pages: 1113